| Chart 5: The Federal Home Loan Bank (FHLB) Rate on Advances Has Been Rising Along with Short-Term Interest Rates Interest Rates (as Percentages) | ||
| Date | FHLB One-Year Index | Federal Funds Rate |
|---|---|---|
| Mar 03 | 1.46 |
1.25 |
| Apr 03 | 1.48 |
1.25 |
| May 03 | 1.44 |
1.25 |
| Jun 03 | 1.32 |
1 |
| Jul 03 | 1.53 |
1 |
| Aug 03 | 1.72 |
1 |
| Sep 03 | 1.45 |
1 |
| Oct 03 | 1.68 |
1 |
| Nov 03 | 1.79 |
1 |
| Dec 03 | 1.63 |
1 |
| Jan 04 | 1.64 |
1 |
| Feb 04 | 1.51 |
1 |
| Mar 04 | 1.53 |
1 |
| Apr 04 | 1.97 |
1 |
| May 04 | 2.32 |
1 |
| Jun 04 | 2.56 |
1.25 |
| Jul 04 | 2.36 |
1.25 |
| Aug 04 | 2.53 |
1.5 |
| Sep 04 | 2.64 |
1.75 |
| Oct 04 | 2.66 |
1.75 |
| Nov 04 | 3.1 |
2 |
| Dec 04 | 3.21 |
2.25 |
| Jan 05 | 3.38 |
2.25 |
| Feb 05 | 3.64 |
2.5 |
| Mar 05 | 3.88 |
2.75 |
| Apr 05 | 3.8 |
2.75 |
| May 05 | 3.82 |
3 |
| Jun 05 | 3.94 |
3.25 |
| Jul 05 | 4.24 |
3.25 |
| Aug 05 | 4.17 |
3.5 |
| Sep 05 | 4.5 |
3.75 |
| Oct 05 | 4.7 |
3.75 |
| Nov 05 | 4.79 |
4 |
| Dec 05 | 4.8 |
4.25 |
| Jan 06 | 4.92 |
4.5 |
| Feb 06 | 5.11 |
4.5 |
| Mar 06 | 5.24 |
4.75 |
Source: Bloomberg